Sec. 283.101. GENERAL OBLIGATION BONDS. The commissioners court may issue and sell bonds in the district's name and on the district's faith and credit to acquire, purchase, construct, equip, or enlarge the hospital or hospital system if:
(1) a tax may be imposed at a rate that:
(A) is sufficient to create an interest and sinking fund to pay the principal of and interest on the bonds; and
(B) when added to the rates of other taxes imposed by the district, does not exceed the maximum tax rate of the district; and
(2) the bonds are authorized by majority vote of the qualified voters of the district voting at an election held for the purpose.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Section: Previous 283.050 283.051 283.052 283.071 283.081 283.082 283.083 283.101 283.102 283.103 283.104 283.105 283.121 283.122 283.123 NextLast modified: September 28, 2016